Structured Settlements

Fortis offers structured settlement options not only for MSA funding but also for indemnity claims, which helps save money and allow difficult cases to settle.

What is it?

The insurance company, self-insured or TPA purchases a fixed annuity from an A.M. Best A, A+ or A++ rated life insurance company to pay the Claimant a series of payments for a specific period of time or for the Claimant’s lifetime.

The Structured Settlement is GUARANTEED, FIXED, and TAX-FREE for the claimant.

Benefits include:

Cost savings

Caps exposure

Transfers mortality and investment risk to the life insurance company

Eliminates future reserve contributions

Leveraging of rated ages offered by life insurance companies

Can be used to help settle both indemnity and workers compensation claims

Services Performed by Fortis Settlement Solutions

Collect and review claimant’s medical information

Submit appropriate medical information to the various life markets to obtain rated ages

Prepare Annuity Proposal to fund the MSA which requires pricing the annuity with as many as seven dierent life insurance companies to obtain the most competitive pricing

Participate in Settlement Negotiations, either in person or over phone.

Prepare pricing and funding options during settlement negotiations, or as a resource to the adjuster

Upon notication of settlement, we determine the most competitive annuity pricing available prior to annuity funding. This requires re-quoting all annuity components to the settlement